June 20, 2019 - 4:00 AM EDT
Print Email Article Font Down Font Up
United States Natural Gas $UNG Technical Update

The United States Natural Gas (NYSE: UNG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for UNG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Weak Weak Weak
P1 19.46 18.97 14.96
P2 19.87 20.47 20.74
P3 20.42 21.92 27.33

Long Term Trading Plans for UNG

June 20, 2019, 4:00 am ET

The Technical Summary and Trading Plans for UNG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this UNG Report.

UNG - (Long) Support Plan

The technical summary data tells us to buy UNG near 14.96 with an upside target of 20.74. This data also tells us to set a stop loss @ 14.7 to protect against excessive loss in case the stock begins to move against the trade. 14.96 is the first level of support below 19.5 , and by rule, any test of support is a buy signal. In this case, support 14.96 would be being tested, so a buy signal would exist.

UNG - (Short) Resistance Plan

The technical summary data is suggesting a short of UNG as it gets near 20.74 with a downside target of 14.96. We should have a stop loss in place at 21 though. 20.74 is the first level of resistance above 19.5, and by rule, any test of resistance is a short signal. In this case, if resistance 20.74 is being tested, so a short signal would exist.

UNG Long Term Analysis

UNG Dividend Chart

UNG PE chart

UNG PEG chart

Source: Stock Traders Daily (June 20, 2019 - 4:00 AM EDT)

News by QuoteMedia

Legal Notice